If the Price Elasticity of Demand for a Good Is

question 15

Multiple Choice

If the price elasticity of demand for a good is 6,then a 3 percent decrease in price results in

• A)a 20 percent increase in the quantity demanded.
• B)an 18 percent increase in the quantity demanded.
• C)a 2 percent increase in the quantity demanded.
• D)a 1.8 percent increase in the quantity demanded.

---

Definitions:

Reuptake

The process by which neurotransmitters are taken back into the neurotransmitter vesicles of a neuron after being released into the synaptic cleft.

Norepinephrine

A neurotransmitter involved in arousal and the stress response, also acting as a hormone in the fight or flight response.

Tardive Dyskinesia

A neurological disorder characterized by involuntary, repetitive body movements, often resulting from long-term use of certain psychiatric medications.

Antipsychotic Drugs

Medications used to manage psychosis, including delusions, hallucinations, paranoia, or disordered thought, primarily in conditions like schizophrenia and bipolar disorder.